Read International Law & Trade updates, alerts, news, and legal analysis from leading lawyers and law firms:
License to travel: how regulation is benefiting business abroad
Cohen: Cyprus Is Not A Template For Future Restructurings
Release of new book on the 'Best Practices Under the FCPA and Bribery Act"
Lessons Learned from the Parker Drilling DPA and Ralph Lauren NPA
Lessons Learned from the BizJet Executives FCPA Enforcement Actions
Sullivan & Cromwell's M&A Hotline is Ringing
Weekly Brief: $350K in Wine Leads to $14M Lawsuit
Buchheit: Cyprus Could Need a Second Bailout
Consultant: BigLaw Growth is NOT Dead!
Bill on Bankruptcy: How Purchasers of AMR Stock Made a Killing
SEC News - Five Year Enforcement Limitation, FCPA Charges for Foreign Nationals, More...
Could A US-EU Free Trade Deal Harm The WTO?
Weekly Brief: New DOJ Tact Pushes Bank Subsidiaries To Admit Guilt
Aquila: M&A Looking Up in 2013; "The Negatives Are Built In"
Next Step in Airline M&A: Cross-Border Deals
More Law Firm Mergers in 2013
Transaction Monitoring Under the FCPA
The Corporate Law Report: First-to-File Patents, Hiring for Cultural Fit, Roth Conversions Post-Fiscal Cliff, and Global Corporate Insights
Federal Economic Espionage Act Overview
The Eli Lilly FCPA Enforcement Action-Lessons Learned
An EB-5 Visa is known as an "investor" visa. The following is an explanation of the EB-5 program...more
An EB-5 Visa is known as an “investor” visa. The following is an explanation of the EB-5 program...more
The curiously titled "Heroes Earnings Assistance and Relief Tax Act of 2008" became law 17 June 2008. This was the third major revision of expatriation rules in 12 years. While the Act provides laudable benefits to armed...more
As many Miami residents who earn income abroad may be aware, the United States is one of only two countries in the world that taxes its citizens and residents (collectively, “U.S. taxpayers”) on their worldwide income. ...more
Most people who are born in the United States or who purposely become citizens here know they are U.S. citizens. But many people who’ve spent their lives abroad and are citizens of other countries may be shocked to learn that...more
Starting January 1, 2013, all commercial banks, savings institutions, credit unions, securities brokerages and insurance companies must report interest on deposits paid to nonresident alien individuals to the IRS and to the...more
Total Mobility Law launched its website this month, as we intensify our efforts towards our professional goal: providing top-notch international legal advice, excellent service, and maximizing profits for our clients.
Many dual nationals, meaning those U.S. taxpayers who retain citizenship in another country as well as having U.S. permanent residence (Green Card) status or U.S. citizenship, may be considering surrendering their U.S. status...more
Originally published in Insights Legal Affairs.
Do you own a vacation home in Mexico? Have a bank account in Hong Kong? Has your spouse retained Canadian citizenship? Are you a long-term U.S. resident who was born in the...more
Editors’ Note -
In today’s global economy, a growing international focus is changing the political, economic, employment and labor landscape. Some US multinationals are expanding their workforces around the globe, and...more
It has been all over the news lately, wealthy U.S. taxpayers, such as, Eduardo Saverin (a Facebook founder), Denise Rich (songwriter), and another eighteen hundred, or so, have forfeited their U.S. citizenship for U.S. tax...more
The increased focus by the IRS on foreign income has generated a lot of news and a slew of criminal prosecutions. While US citizens need to consider the possibility of monetary penalties or a long prison sentence, resident...more
Information regarding nonresident alien deposits in the United States could be provided to foreign governments as of January 2013, raising concern among non-U.S. residents holding deposits in the United States....more
August 2012 update on challenges of sending employees to China....more
On June 26, 2012, the Internal Revenue Service (IRS) announced that its 2009 and 2011 offshore voluntary disclosure programs have generated more than $5 billion in revenue for the U.S. Treasury and released new FAQs with...more
The secondment arrangements are often used to temporarily assign an employee from a foreign office to a local entity. The major determinant of an individual's liability for the income tax is the individual's residency status....more
Often individuals who have not filed Foreign Bank Account Reports (FBAR’s) express concern that filing the report will cause them to lose Supplemental Security Benefits, (SSI) and similar benefits from state agencies. It is...more
The following is a short summary of the Expatriation rules as of 2012. You should note, that there are Bills in Congress to substantially modify the process.
A U.S. citizen who gives up U.S. citizenship or a long-term...more
Table of Contents:
- Types of Businesses and Operations...1
- Establishing a Business...4
- IMMEX and Shelter Operations ...6
- Labor and Employment...7
- Payments to Foreign Persons...more
Due to the IRS action of taxing foreign assets owned by US citizens, a number of Americans have decided to relinquish their citizenship to avoid paying taxes. Among the more prominent ones is Eduardo Saverin, co-founder of...more
The headline news that a co-founder of Facebook has given up his U.S. citizenship to avoid income and estate tax may trigger a lot of interest in expatriation. Some people will read the news of the expatriation of Mr. Sevarin...more
An article concerning the U.S. tax reporting obligations of U.S. citizens resident in Canada, including foreign bank account reporting (FBAR) obligations and the Internal Revenue Service's current Offshore Voluntary...more
Tax Amnesty Programs
As discussed in a number of previous Tax Alerts, since 2009 the Internal Revenue Service has created three separate tax amnesty programs in order to encourage U.S. taxpayers to properly report and...more
Two cases when considered together raise the prospect that communications in writing and notes and recollections of conversations between taxpayers and return preparers may have serious consequences for members of the...more
On January 11, 2012 Michael Reiss, a physician from NJ was sentenced for failing to report offshore (Swiss) bank accounts(11:CR:0068),United States District Court SDNY. The sentencing memos of the U.S make some important...more
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